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GIGM DCA - Cup and Handle PatternCompany: GigaMedia Limited Ticker: GIGM Exchange: NASDAQ Sector: Technology Introduction: Hello everyone, today we are focusing on GigaMedia Limited (GIGM), analyzing its Daily scale chart on the NASDAQ exchange. The price chart has caught our attention due to the formation of a bottom pattern, specifically, a cup and handle, which has been developing over the past 270 days. Cup and Handle Pattern: The cup and handle pattern is typically a bullish reversal pattern signifying a period of consolidation followed by a breakout. As the name suggests, it resembles a cup with a handle. Analysis: GigaMedia's price chart has been in a downtrend, as indicated by the blue diagonal resistance line. However, the formation of a cup and handle pattern suggests a potential reversal of this trend. The price is currently attempting to surpass the 200 EMA, and the horizontal resistance stands at $1.62. If a breakout above this resistance level occurs, a long position could be considered. Our projected price target in this case would be $2.12, which corresponds to a potential price increase of approximately 30.74%. Conclusion: The daily chart for GigaMedia Limited suggests a potential bottom reversal with the formation of a cup and handle pattern. A breakout above the pattern's resistance could present a viable long position opportunity. As always, remember to conduct your own research and consider your risk management strategies before making investment decisions. Thank you for tuning into this analysis. If you found it informative, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:GIGM
by KarimSubhieh
TRHC WCA - Cup and Handle Pattern Company: Tabula Rasa HealthCare, Inc. Ticker: TRHC Exchange: NASDAQ Sector: Healthcare Introduction: Hello, traders and investors! Today we are analyzing Tabula Rasa HealthCare Inc (TRHC) on the weekly scale chart. We'll specifically be observing a classic price pattern known as a cup and handle, which may serve as a bottom reversal. Cup and Handle Pattern: The cup and handle is a reversal pattern that can act as bullish continuation aswell. It signifies a period of consolidation followed by a breakout. It resembles the shape of a tea cup and can indicate a strong buy signal when correctly identified. Analysis: Tabula Rasa's price chart was previously characterized by a clear downtrend, represented by a blue diagonal resistance line. Now, it seems to be forming a cup and handle pattern with a clear horizontal resistance at $6.51. However, the 200 EMA is currently pointing towards a bearish environment, which raises some doubts about a bullish setup. Despite this, a breakout above the horizontal resistance could open up the possibility of a long position, albeit with a smaller position size due to the current bearish indication. In the event of a valid breakout, our estimated price target stands at $10.80. This corresponds to a potential increase of approximately 66.24%. Thus, Tabula Rasa HealthCare qualifies as a watchlist candidate, albeit one that requires caution. Conclusion: The weekly chart for Tabula Rasa HealthCare Inc reveals a potential cup and handle pattern, which may serve as a bottom reversal. However, the current bearish environment suggested by the 200 EMA calls for caution. A valid breakout above the pattern's resistance could offer a long position opportunity. As always, please conduct your own due diligence and consider risk management strategies before making any trading decisions. Thank you for joining this analysis. If you found it useful, please like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
T
by KarimSubhieh
MRVL DCA - Rectangle PatternCompany: Marvell Technology Group Ltd. Ticker: MRVL Exchange: NASDAQ Sector: Technology Introduction: Greetings, fellow traders and investors! Today, we're diving into the daily scale chart of Marvell Technology Group Ltd. (MRVL), particularly observing a potential rectangle pattern that has formed after a clear downtrend. Rectangle Pattern: The rectangle pattern typically represents a period of consolidation, where price moves within a range between parallel support and resistance levels. It can be a bullish or bearish signal, with the trend direction determined by the eventual breakout. Analysis: Marvell Technology's stock has been consolidating in a rectangle pattern for about 225 days, with the price currently above the 200 EMA. The upper boundary of this rectangle is at $49.30, while the lower boundary is at $35.67. Both these boundaries have seen two touch points each. Our focus now is on observing if the price can breach the upper boundary. As of now, Marvell Technology remains on our watchlist, showcasing potential for future movement. Should a breakout occur above the upper boundary, we could be looking at a price target of $67.87. This implies a potential price increase of roughly 27.5%. Conclusion: Marvell Technology's daily chart points towards a consolidation phase, characterized by a potential rectangle pattern. A valid breakout above the rectangle's upper boundary could set off a bullish trend, offering a promising long position opportunity. As always, please conduct your own due diligence and consider risk management strategies before making investment decisions. If you found this analysis insightful, don't hesitate to like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:MRVL
by KarimSubhieh
Cotton Cash Contract - Rectangle PatternCommodity: Cotton Cash Contract Introduction: Hello everyone! Today, we'll be analyzing the Cotton Cash Contract on the daily scale traded on Pepperstone. After a clear downward trend, the contract seems to have entered a consolidation phase, possibly forming a rectangle pattern. Analysis: The rectangle pattern we're observing has been forming for around 196 days. The upper boundary of this pattern is approximately at $90, which has been tested three times so far. Meanwhile, the lower boundary is at around $77.50, with two touch points to date. Currently, the price hasn't managed to cross above the 200 EMA. However, if we observe a breakout above the upper boundary, it would place the price above the 200 EMA, potentially paving the way for a long entry. Upon a valid breakout, our projected price target would be $100.660, translating into a potential price rise of approximately 13%. Conclusion: The Cotton Cash Contract's technical analysis suggests a consolidation phase marked by a potential rectangle pattern. A breakout above the upper boundary might signal a shift to a bullish trend and could provide an opportunity for a long position. As always, be sure to conduct your own research and risk management before investing. Thank you for tuning into this analysis. Please like, share, and follow for more insights into the market. Happy trading! Best regards, Karim Subhieh
PEPPERSTONE:COTTON
by KarimSubhieh
MSCI World Index Fund WCA - Possible INV H&SIndex: MSCI World Index Fund Introduction: Hello everyone! Today, we are looking at the MSCI World Index Fund to gain a broader perspective on the global equity market environment. Based on our current analysis, we can see the formation of a classic technical pattern, signaling a potential reversal from the preceding downtrend. Analysis: Over the past 371 days, the index has seemingly been forming an inverted head and shoulders pattern, a well-known reversal pattern suggesting a change from a downtrend to an uptrend. The horizontal neckline of this pattern lies at 120$. While the symmetry between the shoulders isn't perfect, it's worth noting that when the right shoulder is slightly higher than the left one, this is often seen as a bullish sign. Furthermore, the right shoulder has formed distinctly above the 200 EMA, adding weight to the potential bullish reversal. Currently, the price appears to have broken out above the neckline, paving the way for a calculation of a possible price target upon the successful closing of the weekly candle. However, it's crucial to remember that the weekly candle must close above the neckline; otherwise, we could be dealing with a premature breakout. Assuming a valid breakout, our calculated price target would be 142, equating to a potential price increase of approximately 18.5%. This provides a favorable opportunity to explore long setups in general. Conclusion: The MSCI World Index Fund's technical analysis points to a potentially bullish reversal. Should the current breakout confirm, the ensuing uptrend could present opportunities for investors looking for long positions. As always, remember to conduct your own due diligence and implement appropriate risk management strategies when investing. Thank you for tuning into this analysis. Please like, share, and follow for more insights into the market. Happy trading! Best regards, Karim Subhieh
AMEX:URTH
by KarimSubhieh
NASDAQ 100 WCA - Rectangle Pattern Index: NASDAQ 100 Index Exchange: NASDAQ Introduction: Greetings! In today's technical analysis, we're examining the NASDAQ 100 Index on the weekly scale. Although we're not hunting for a fresh breakout, our goal here is to estimate a possible price target based on the index's recent price action and established technical patterns. Analysis: The NASDAQ 100 Index was previously in a distinct downtrend, as demonstrated by the downward-sloping blue diagonal line. This trend shifted into a consolidation phase characterized by a Rectangle pattern. The upper boundary of this Rectangle is at 12,757.70, while the lower boundary sits at 10,698.84. Each of these levels was tested twice before the price broke out to the upside on the third attempt, supported by the 200 EMA. Having witnessed a notable price increase in recent weeks, investors might be wondering where the index could potentially head next. According to the Rectangle breakout, the price target for the NASDAQ 100 stands at 14,834. This represents a potential upside of about 16.5% from the breakout point. Conclusion: For those who have yet to identify specific stocks within the NASDAQ for investment, it may not be too late. Given the recent bullish breakout from the Rectangle pattern and the calculated price target, the NASDAQ 100 Index seems to offer promising potential for continued growth. As always, remember that this analysis does not constitute financial advice, and investors should perform their own research and incorporate risk management strategies. Thank you for reading this analysis. Please like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
NASDAQ:NDX
by KarimSubhieh
SEDG WCA - Rectangle PatternCompany: SolarEdge Technologies Ticker: SEDG Exchange: NASDAQ Sector: Technology Introduction: Hello, and thank you for joining me for this technical analysis. Today, we're examining the weekly scale chart of SolarEdge Technologies (SEDG), with particular focus on an intriguing pattern within a pattern – a shorter-term Rectangle nested within a longer-term Rectangle. Rectangle Pattern: The Rectangle pattern, which can serve as a continuation or reversal signal, is formed when the price fluctuates between parallel support and resistance levels. The pattern's resolution, and hence the direction of the trend, is determined by the direction of the breakout. Analysis: SolarEdge's price has been moving within a defined range for 924 days or ~30 months, forming a Rectangle pattern. The upper boundary of this larger Rectangle is at approximately $375 (with three touch points), and the lower boundary is at around $200 (with four touch points). The price is currently above the 200 EMA, which implies a bullish market environment. Interestingly, within this longer-term Rectangle, a shorter-term Rectangle has formed over the last 161 days. A breakout from this shorter-term pattern could potentially offer an early entry opportunity. Should we observe a breakout above the upper boundary of the larger Rectangle, the price target would be $548. This represents a potential gain of approximately 46%. Conclusion: The weekly chart of SolarEdge Technologies presents an exciting scenario, with a shorter-term Rectangle nested within a longer-term Rectangle. A breakout from the smaller pattern could provide an early entry, while a breakout from the larger Rectangle might confirm a continuation of the bullish trend. As always, please remember this analysis does not constitute financial advice. It's essential to conduct your own research and consider risk management strategies when investing. If you found this analysis insightful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:SEDG
by KarimSubhieh
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Micron Technology (MU) DCA - Rectangle Pattern Company: Micron Technology Ticker: MU Exchange: NASDAQ Sector: Technology Introduction: Hello, and thank you for joining me for this technical analysis. Today, we will take a close look at Micron Technology (MU), specifically focusing on a Rectangle pattern that has formed on the daily chart. Rectangle Pattern: The Rectangle pattern is a period of consolidation, often following a significant price move, where the price bounces between horizontal support and resistance levels. This pattern can act as either a continuation or a reversal pattern, depending on the breakout direction. Analysis: Over the past 355 days, MU's price has been oscillating between an upper boundary at $64.37 and a lower boundary at $48.61, forming a clear Rectangle pattern. We can identify six touch points at the upper boundary and two at the lower boundary, indicating that the price is consolidating within this range. Currently, the price appears to be attempting a breakout above the upper boundary, which could present a long entry opportunity if successful. Furthermore, the price is positioned above the 200 EMA, suggesting a bullish market environment. If the breakout is confirmed, the price target would be $80, representing a potential gain of approximately 24%. Conclusion: In conclusion, Micron Technology's daily chart shows a well-defined Rectangle pattern, signaling a period of consolidation. A breakout above the upper boundary could present a lucrative trading opportunity. As always, it's crucial to manage risk effectively and ensure your trading decisions align with your overall investment strategy. Please note that this analysis does not constitute financial advice. Always conduct your own research before making investment decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:MU
by KarimSubhieh
6
NOC WCA - Head and Shoulders PatternCompany: Northrop Grumman Ticker: NOC Exchange: NYSE Sector: Defense Introduction: Hello, and thank you for reading this analysis. Today, we focus on Northrop Grumman (NOC) on the NYSE. The weekly chart shows a potentially significant head and shoulders pattern that deserves our attention. Head and Shoulders Pattern: The head and shoulders pattern is a classic chart formation that can indicate either a bullish continuation or bearish reversal, depending on its orientation and the preceding trend. In this case, the pattern has formed over 441 days, making it noteworthy. Analysis: The NOC chart shows a clear uptrend, as demonstrated by the green upward sloping line and the position of the price above the 200 EMA. Both of these factors contribute to a bullish sentiment. However, the formation of the head and shoulders pattern introduces an element of uncertainty. The neckline of this pattern, which currently acts as support, is at 431.61. A break below this level could signal a bearish reversal, offering a potential shorting opportunity. On the other hand, a break above the right shoulder could indicate a continuation of the bullish trend. Given the existing uptrend and the position above the 200 EMA, the probabilities currently favor a continuation. Conclusion: In summary, Northrop Grumman's weekly chart presents a head and shoulders pattern within an uptrend, offering potential trading opportunities in both directions. Therefore, this is a chart to watch closely in the coming days. As always, it's important to manage your risk appropriately and ensure that any trading decisions align with your overall investment strategy. Please note that this analysis does not constitute financial advice. Always conduct your own research before making investment decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:NOC
by KarimSubhieh
LRCX WCA - Inverted head and shoulders Company: Lam Research Corporation Ticker: LRCX Exchange: NASDAQ Sector: Technology Introduction: Greetings, and welcome to today's technical analysis of Lam Research Corporation (LRCX) on the NASDAQ. We're focusing on a 13-month-old inverted head and shoulders pattern, suggesting a potential bullish breakout. Inverted Head and Shoulders: The Inverted Head and Shoulders pattern is a classic reversal signal. It's formed by a left shoulder, a head, and a right shoulder, with the head being the lowest point. The neckline connects the high points of the pattern, acting as a resistance level. A breakout above the neckline signals a potential bullish reversal. Analysis: On the weekly chart of LRCX, we can observe a well-formed inverted head and shoulders pattern. The neckline, which also acts as our resistance, sits at 536. Both shoulders of the pattern are extended, with the right shoulder characterized by a mini-consolidation in the form of an ascending triangle. This ascending triangle is consolidating very close to the neckline, indicating increasing bullish pressure. The price is trending above the 200 EMA, further supporting the bullish bias. A breakout above the neckline would open up the potential for significant upside. Conclusion: If this neckline is breached, we have a potential price target of 762, representing a 43% rise from the neckline. As always, it's crucial to use risk management and proper position sizing in your trading strategy. Please note that this analysis is not financial advice. Always conduct your own due diligence before trading or investing. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:LRCX
by KarimSubhieh
9202 - Bullish ReversalCompany: ANA Holdings Inc. Ticker: 9202 Exchange: TSE Sector: Air Transport Introduction: Hello and welcome to today's technical analysis. We're turning our attention to the weekly chart of ANA Holdings Inc. (9202) on the TSE, which is demonstrating an exciting Rectangle pattern breakout that could signal a bullish reversal. Rectangle Pattern: The Rectangle pattern is a common chart pattern that can act as a continuation or a reversal signal, depending on the preceding trend and the breakout's direction. In this case, the Rectangle pattern is acting as a bullish reversal signal. Analysis: Over the past 1155 days, ANA Holdings' price movements have formed a distinct Rectangle pattern. The clear touch points and boundaries define the pattern, with the lower boundary at 2117.5 and the upper boundary at 2989. The price has successfully moved above the 200 EMA, and for the first time in 1155 days, we've seen a clear breakout above the upper boundary of the Rectangle. This is a strong bullish signal, suggesting a potential trend reversal. Conclusion: The price target following this breakout is set at 3853, representing a potential rise of 29%. As always, it's crucial to employ risk management strategies and appropriate position sizing when trading based on chart patterns. Please remember that this analysis should not be taken as financial advice. Always perform your own due diligence before trading or investing. If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading! Best regards, Karim Subhieh
TSE:9202Long
by KarimSubhieh
(GRMN) DCA - A Bullish Cup and Handle BreakoutCompany: Garmin Ltd. Ticker: GRMN Exchange: NYSE Sector: Technology Introduction: Greetings and welcome to today's technical analysis post. Today, we're looking at the daily chart of Garmin Ltd. (GRMN) on the NYSE, featuring a distinctive Cup and Handle pattern acting as a bottom reversal. Cup and Handle Pattern: A Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It looks like a cup with a handle on the right side. The 'cup' is a curved u-shape, while the 'handle' is a slight downward drift. Analysis: The GRMN chart presents a Cup and Handle pattern that has been forming for 276 days, and is easily recognizable to classic chart pattern analysts. The breakout from this pattern has already occurred, which suggests a potential entry point for traders. Moreover, the price is trading above the 200-day EMA, which supports a bullish setup. Conclusion: The Garmin Ltd. daily chart analysis highlights a clear Cup and Handle breakout, a bullish signal for the stock. As always, please remember that trading based on chart patterns should be done in conjunction with sound risk management and proper position sizing. Please note that this analysis does not constitute financial advice. Always conduct your own due diligence when trading or investing. If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading! Best regards, Karim Subhieh
NYSE:GRMNLong
by KarimSubhieh
COST WCA - Awaiting a Breakout from SymmetryCompany: Costco Wholesale Corporation Ticker: COST Exchange: NASDAQ Sector: Consumer Defensive Introduction: Greetings and thank you for taking the time to read my analysis. Today, we delve into the weekly chart of Costco Wholesale Corporation (COST) which has been forming a symmetrical triangle pattern for the past 12.88 months. This pattern is typically a sign of market indecision, and we're anticipating a breakout soon. Symmetrical Triangle Pattern: A symmetrical triangle is a chart pattern in technical analysis used by traders to predict future price movements. It is formed when the price of an asset consolidates between converging trendlines that slope towards each other, creating a triangular shape. The pattern is characterized by lower highs and higher lows, indicating a tightening price range as the market reaches a point of equilibrium between buying and selling pressure. In this case, we have 5 clear touch points on the upper trendline and 3 on the lower trendline. Analysis: Costco's price is currently above the 200 EMA, and given the clear uptrend preceding the triangle, we are inclined to see this symmetrical triangle as a bullish continuation pattern. However, the inherent indecision signaled by the symmetrical triangle means we should hold off on calculating a price target until a definite breakout occurs. Moreover, a breakout must occur soon, as the closer we get to the triangle's apex, the weaker the effect of the breakout. This makes COST a high-priority watchlist candidate that should produce a result soon, regardless of the direction it takes. Conclusion: The Costco Wholesale Corporation weekly chart analysis points towards a symmetrical triangle pattern, indicating market indecision and a potential breakout soon. Traders should closely monitor this chart for signs of a breakout. Remember, this analysis is not financial advice. Always conduct your own research when investing and consider risk management and proper position sizing when trading based on chart patterns. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
NASDAQ:COST
by KarimSubhieh
Cintas Corporation (CTAS) - A Cup of Potential ReturnsCompany: Cintas Corporation Ticker: CTAS Exchange: NASDAQ Sector: Industrials Introduction: Greetings and welcome to this analysis. Today, we are analyzing the weekly chart of Cintas Corporation (CTAS), containing a potential Cup and Handle pattern, indicating a bullish continuation, has formed. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. In this case, we've observed a well-defined Cup and Handle over the course of 504 days. Analysis: Cintas Corporation's chart shows a clear Cup and Handle pattern, with horizontal resistance at $461.58. The price seems to have breached this level, but we'll need to wait for the weekly candle's close to confirm. If confirmed, this could present an immediate buying opportunity. All of this action is happening above the 200 EMA, indicating a bullish environment. The projected price target, should the breakout be confirmed, stands at $579.10, signifying a potential rise of 25.5%. Conclusion: The weekly chart of Cintas Corporation portrays a well-defined Cup and Handle pattern, suggesting potential for bullish continuation. Traders should monitor the weekly candle close to confirm the breakout above the horizontal resistance level. As always, this analysis is not financial advice. Prioritize risk management and proper position sizing in all trading decisions. If you found this analysis useful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
NASDAQ:CTAS
by KarimSubhieh
A Tale of Two ScenariosHello, and thank you for joining me in this analysis. Today, we delve into the current state of Bitcoin (BTC), highlighting the formation of a head and shoulders pattern and potential breakout scenarios. Head and Shoulders Pattern: The head and shoulders pattern typically signifies a trend reversal in technical analysis but it can also act as a continuation. In this case, however, it's forming above an important resistance level and features an upward sloping neckline, hinting at a possible continuation of the prevailing trend. Analysis: Over the past 55 days, Bitcoin has been forming a head and shoulders pattern. Yesterday's high wave candle, marked in orange, perfectly encapsulates the market's current state of uncertainty, with both buyers and sellers unsure of the future direction or in other words; confusion. As technical analysts, we cannot predict the exact direction of the breakout, but we can prepare for potential scenarios: Bullish Scenario: If the price breaks above the right shoulder with a candle close , it would signal a bullish continuation of the head and shoulders pattern. In this case, we would look to buy on the break, targeting a price level of $43,000. Bearish Scenario: A bearish breakout, signaled by a candle close below the upward sloping neckline, would indicate a selling opportunity. Here, the price target would be $23,386. Conclusion: While the head and shoulders pattern typically suggests a trend reversal, its formation above a significant resistance level in Bitcoin's chart may signal a continuation of the current trend. A bullish breakout is still feasible as long as the price maintains support from the upward sloping neckline. However, the more frequently this support is tested, the weaker it may become. As always, this analysis does not constitute financial advice, and individual due diligence is highly recommended. Always consider risk management and proper position sizing in your trading decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
INDEX:BTCUSD
by KarimSubhieh
Bitcoin Cash (BCH) WCA - Rectangle Company: Bitcoin Cash Ticker: BCH Exchange: Binance Sector: Cryptocurrency Introduction: Hello, and thank you for reading this analysis. Today, we are examining the weekly chart of Bitcoin Cash (BCH) on the Binance exchange. Our attention is drawn to a consolidation phase that is taking the shape of a Rectangle pattern, suggesting potential reversal from the previous downtrend. Rectangle Pattern: The Rectangle pattern is a period of consolidation where price moves within a well-defined horizontal channel, bounded by clear support and resistance levels. In this case, the pattern is 10.8 months old and could act as a bullish reversal pattern, indicating a potential end to the previous downtrend. Analysis: The previous trend for BCH was clearly downward, indicated by the blue diagonal resistance line. Now, we seem to be in a consolidation phase, with the price oscillating between the upper boundary at $148 and the lower boundary at $95.4. The 50 EMA (Exponential Moving Average) suggests that we are not currently in a bullish environment. Therefore, careful observation is recommended over active trading at this stage. We cannot predict the direction or timing of a potential breakout, but we can prepare for any possible outcomes by closely monitoring the price movements. Conclusion: The weekly chart analysis of Bitcoin Cash (BCH) reveals a Rectangle pattern, which could suggest a potential bullish reversal in the future. As always, diligent monitoring and risk management are crucial when considering any investment or trading decision. Please note, this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
by KarimSubhieh
Sony Group Corporation DCA - Inverted head and shoulders + C&HCompany: Sony Group Corporation Ticker: 6758 Exchange: TSE Sector: Electronics Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Sony Group Corporation, focusing on an interesting combination of two price patterns, an inverted head and shoulders and a cup and handle pattern. This combination provides additional confirmation for classical chart analysts and offers a compelling trading opportunity. Price Patterns: Inverted Head and Shoulders: This pattern has been forming for 384 days and features a clear horizontal resistance line at ¥12,380. This serves as our reference point for the pattern. Cup and Handle: The right shoulder of the inverted head and shoulders pattern contains a 126-day old cup and handle pattern, which provides further confirmation and a second possible price pattern. The same horizontal resistance line at ¥12,380 serves as the reference point for this pattern. Bullish Environment: The price has been above the 200 EMA for some time, indicating a bullish environment. Price Targets: Inverted Head and Shoulders: The price target for this pattern is ¥15,520, representing a potential price increase of 25%. Cup and Handle: The price target for this pattern is ¥14,725, representing a potential price increase of 19%. Trade Opportunity: A breakout has occurred, making this trade actionable without further observation. Conclusion: The Sony Group Corporation daily chart analysis highlights the combination of an inverted head and shoulders pattern and a cup and handle pattern. This provides a compelling trade opportunity with clear price targets. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:6758Long
by KarimSubhieh
Toyota Motor Corporation DCA - Rectangle Reversal Company: Toyota Motor Corporation Ticker: 7203 Exchange: TSE Sector: Automotive Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Toyota Motor Corporation, focusing on a potential Rectangle reversal pattern. This pattern may indicate a change in the trend and offers trading opportunities for both short-term gains and long-term positions. Rectangle Reversal Pattern: The Rectangle pattern is a consolidation pattern that forms when the price is bounded by parallel support and resistance levels. It can act as a continuation or reversal pattern, depending on the preceding trend and the breakout direction. A breakout above the resistance level signals a potential trend reversal. Analysis: On the daily chart, Toyota Motor Corp has been in a clear downward trend, as indicated by the blue diagonal resistance line. However, the Rectangle pattern, which has four touch points at the top and five at the bottom, could potentially serve as a reversal pattern. Currently, the price is attempting to break above the 200 EMA. If a breakout occurs with a candle close above this level, the price target is ¥14550, representing a gain of approximately 7.5%. This setup could also present a good opportunity to build a longer-term position, depending on the trend opportunity and whether the Rectangle pattern truly acts as a reversal signal. Conclusion: The Toyota Motor Corp daily chart analysis highlights a Rectangle reversal pattern, signaling a potential trend reversal. Traders should closely monitor the 200 EMA for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:7203
by KarimSubhieh
HPQ WCA - Ascending Triangle Company: HP Inc. Ticker: HPQ Exchange: NYSE Sector: Technology Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the weekly chart of HP Inc. (HPQ), focusing on an interesting price pattern, an ascending triangle as a reversal pattern. Although rare, ascending triangles can indeed act as reversal patterns, offering potential trading opportunities. Ascending Triangle Reversal Pattern: An ascending triangle is a bullish continuation or reversal pattern, characterized by a horizontal resistance line and a rising trendline that connect the higher lows. The pattern typically indicates an accumulation phase where buyers are gaining control, leading to a potential breakout above the horizontal resistance. Analysis: On the weekly chart, HPQ exhibits an ascending triangle reversal pattern. We can see a clear horizontal resistance line at $30.95, which has already been touched three times, and a clear diagonal uptrend line that has been touched twice. Importantly, this pattern is forming above the 200 EMA, reflecting a bullish environment. The price target for this pattern is $37.60, representing a potential gain of approximately 21%. Traders should closely monitor the horizontal resistance level at $30.95 for any signs of a breakout. Conclusion: The HPQ weekly chart analysis highlights an ascending triangle reversal pattern, signaling a potential reversal of the current trend. Traders should closely monitor the horizontal resistance level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:HPQ
by KarimSubhieh
JASMY/USDT WCA - Cup and Handle Reversal PatternHello and thank you for taking the time to read my post. Today, we analyze the chart of JASMY/USDT on the weekly scale, focusing on an interesting price pattern known as the "Cup and Handle Pattern." This pattern suggests that JASMY/USDT could be signaling a potential bottoming and reversal after a downtrend. Cup and Handle Pattern: The cup and handle pattern is a bullish continuation or reversal pattern that occurs in both uptrends and downtrends. It is characterized by a rounded bottom, called the "cup," followed by a smaller consolidation, called the "handle." The pattern is completed by a horizontal line, known as the breakout level, which connects the high points of the handle. In a nutshell, the formation of the cup and handle pattern signals a potential continuation or reversal of the current trend. Analysis: Since 20/11/2021, JASMY/USDT has undoubtedly been in a downtrend. However, the cup and handle pattern on the chart could indicate a potential bottoming signal and reversal of the downtrend. As classical chart analysts, we can immediately recognize this pattern, with the rounded bottom forming the "cup" and the smaller consolidation forming the "handle." A horizontal line at 0.007931 serves as our breakout level, which we want to see surpassed. It's important to note that the 50 EMA is still far from signaling a bullish environment. Therefore, it is crucial to carefully study and observe the price pattern. However, if a breakout occurs above the horizontal line, we can expect a price increase of approximately 65%. Conclusion: The JASMY/USDT chart analysis highlights the cup and handle pattern as a potential bottoming signal and reversal of the ongoing downtrend. Traders should closely monitor this pattern and the breakout level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
7